Boston Partners Buys 1,949,891 Shares of Vivid Seats Inc. (NASDAQ:SEAT)

Boston Partners raised its holdings in Vivid Seats Inc. (NASDAQ:SEAT - Free Report) by 118.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,597,970 shares of the company's stock after purchasing an additional 1,949,891 shares during the quarter. Boston Partners owned 1.83% of Vivid Seats worth $22,626,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SEAT. M&T Bank Corp purchased a new stake in shares of Vivid Seats in the third quarter valued at approximately $460,000. Capula Management Ltd purchased a new stake in shares of Vivid Seats during the 3rd quarter worth $907,000. Victory Capital Management Inc. acquired a new position in shares of Vivid Seats during the 3rd quarter worth $136,000. Swiss National Bank increased its holdings in shares of Vivid Seats by 5.1% in the 3rd quarter. Swiss National Bank now owns 84,500 shares of the company's stock valued at $542,000 after purchasing an additional 4,100 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Vivid Seats by 3.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,240,177 shares of the company's stock worth $27,222,000 after buying an additional 160,851 shares in the last quarter. Institutional investors and hedge funds own 39.92% of the company's stock.

Vivid Seats Trading Up 1.7 %

NASDAQ:SEAT traded up $0.09 on Thursday, reaching $5.26. The stock had a trading volume of 1,473,778 shares, compared to its average volume of 1,523,590. Vivid Seats Inc. has a 12-month low of $5.09 and a 12-month high of $9.00. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 9.89, a P/E/G ratio of 3.08 and a beta of 1.23. The firm's fifty day moving average is $5.65 and its two-hundred day moving average is $6.20. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.57 and a quick ratio of 0.51.

Wall Street Analysts Forecast Growth

SEAT has been the subject of a number of research analyst reports. Maxim Group increased their target price on shares of Vivid Seats from $7.00 to $9.00 and gave the company a "buy" rating in a report on Wednesday, May 8th. Craig Hallum started coverage on Vivid Seats in a report on Friday, February 9th. They set a "buy" rating and a $10.00 price objective for the company. Canaccord Genuity Group lowered their target price on Vivid Seats from $12.00 to $10.00 and set a "buy" rating on the stock in a report on Wednesday, May 8th. Royal Bank of Canada dropped their price target on Vivid Seats from $10.00 to $8.00 and set a "sector perform" rating for the company in a research report on Wednesday, March 6th. Finally, Benchmark reiterated a "buy" rating and issued a $15.00 price objective on shares of Vivid Seats in a research report on Wednesday, May 1st. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $10.15.

Vivid Seats Profile

Vivid Seats Inc operates an online ticket marketplace in the United States, Canada, and Japan. The company operates in two segments, Marketplace and Resale. The Marketplace segment acts as an intermediary between event ticket buyers and sellers; processes ticket sales on its website and mobile applications through its distribution partners; and sells tickets for sports, concerts, theater events, and other live events.